NYSE:ITW

Illinois Tool Works (ITW) Price Target & Analyst Ratings

$230.31

-1.74 (-0.75%)

(As of 09/29/2023 ET)

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Today's Range: $228.75
▼
$234.44
50-Day Range: $230.10
▼
$263.32
52-Week Range: $180.27
▼
$264.19

Volume: 820,917 shs
Average Volume: 1.06 million shs
Market Capitalization: $69.64 billion

P/E Ratio: 22.78
Dividend Yield: 2.28%
Price Target: $237.18

Illinois Tool Works Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Reduce
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$237.18
2.98% Upside

High Prediction	$292.00
Average Prediction	$237.18
Low Prediction	$181.00

Type	Current 9/30/22 to 9/30/23	1 Month Ago 8/31/22 to 8/31/23	3 Months Ago 7/2/22 to 7/2/23	1 Year Ago 9/30/21 to 9/30/22
Consensus Rating	Reduce	Reduce	Reduce	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$237.18	$238.27	$228.21	$202.00
Predicted Upside	2.98% Upside	-0.31% Downside	0.48% Upside	-0.23% Downside

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ITW Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ITW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Illinois Tool Works Stock vs. The Competition

Type	Illinois Tool Works	Industrial Products Companies	S&P 500
Consensus Rating Score	1.82	2.57	2.49
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	2.98% Upside	149.80% Upside	698.21% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$213.00 ➝ $198.00	-18.92%
8/3/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$230.00 ➝ $232.00	-7.09%
8/2/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$256.00 ➝ $258.00	+3.19%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$281.00 ➝ $292.00	+15.94%
7/19/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	$236.00 ➝ $250.00	-1.75%
7/10/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$235.00 ➝ $240.00	-1.56%
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5/3/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell	$183.00 ➝ $181.00	-21.50%
2/9/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$213.00 ➝ $245.00	+3.49%
2/2/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$222.00 ➝ $255.00	+1.78%
1/3/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$240.00 ➝ $220.00	-0.14%
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$210.00 ➝ $238.00	+7.71%

(Data available from 9/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ITW Price Target - Frequently Asked Questions

What is Illinois Tool Works's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Illinois Tool Works stock is Reduce based on the current 3 sell ratings, 7 hold ratings and 1 buy rating for ITW. The average twelve-month price prediction for Illinois Tool Works is $237.18 with a high price target of $292.00 and a low price target of $181.00. Learn more on ITW's analyst rating history.
Do Wall Street analysts like Illinois Tool Works more than its competitors?: Analysts like Illinois Tool Works less than other Industrial Products companies. The consensus rating for Illinois Tool Works is Reduce while the average consensus rating for industrial products companies is Moderate Buy. Learn more on how ITW compares to other companies.
Does Illinois Tool Works's stock price have much downside?: According to analysts, Illinois Tool Works's stock has a predicted downside of -0.77% based on their 12-month price targets.

What analysts cover Illinois Tool Works?: Illinois Tool Works has been rated by Barclays, Citigroup, Credit Suisse Group, Morgan Stanley, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:ITW) was last updated on 9/30/2023 by MarketBeat.com Staff

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